Edmond DE Rothschild Holding S.A. continued to hold its position in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the basic materials company’s stock at the end of the first quarter. Edmond DE Rothschild Holding S.A.’s holdings in Pretium Resources were worth $427,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC raised its position in Pretium Resources by 479.2% in the fourth quarter. Highbridge Capital Management LLC now owns 38,300 shares of the basic materials company’s stock worth $317,000 after buying an additional 48,400 shares in the last quarter. Royce & Associates LP raised its position in Pretium Resources by 4.6% in the fourth quarter. Royce & Associates LP now owns 689,000 shares of the basic materials company’s stock worth $5,706,000 after buying an additional 30,000 shares in the last quarter. Van ECK Associates Corp raised its position in Pretium Resources by 12.8% in the first quarter. Van ECK Associates Corp now owns 20,224,840 shares of the basic materials company’s stock worth $216,606,000 after buying an additional 2,290,824 shares in the last quarter. Gabelli Funds LLC raised its position in Pretium Resources by 331.3% in the fourth quarter. Gabelli Funds LLC now owns 345,000 shares of the basic materials company’s stock worth $3,836,000 after buying an additional 265,000 shares in the last quarter. Finally, Timber Hill LLC bought a new position in Pretium Resources during the first quarter worth about $117,000. 46.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Pretium Resources, Inc. (PVG) traded down 0.67% during midday trading on Monday, reaching $8.84. The company’s stock had a trading volume of 1,375,577 shares. The stock has a 50 day moving average of $9.16 and a 200-day moving average of $9.82. The company’s market capitalization is $1.60 billion. Pretium Resources, Inc. has a 1-year low of $6.82 and a 1-year high of $12.53. Pretium Resources also was the recipient of unusually large options trading activity on Friday. Stock investors acquired 16,589 call options on the company. This represents an increase of 962% compared to the average daily volume of 1,562 call options.
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PVG has been the topic of a number of research reports. Credit Suisse Group initiated coverage on Pretium Resources in a report on Monday, March 20th. They set an “outperform” rating and a $13.50 price target on the stock. Zacks Investment Research raised Pretium Resources from a “sell” rating to a “hold” rating in a report on Saturday, March 11th. Royal Bank Of Canada raised Pretium Resources from a “sector perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Wednesday, March 8th. Citigroup Inc. reissued a “buy” rating and set a $13.00 price target on shares of Pretium Resources in a report on Tuesday, June 6th. Finally, Roth Capital set a $16.00 price target on Pretium Resources and gave the stock a “buy” rating in a report on Saturday, March 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $14.75.
Pretium Resources Company Profile
Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.
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